The PBAF Standard provides financial institutions with practical guidance on biodiversity impact and dependency assessments and defines what is needed in order for these assessments to deliver the right information to financial institutions.
71 financial institutions, together with over 14 trillion in assets under management, are already taking action, with more joining every month.
The PBAF Biodiversity Footprinting Standard - Financed Impact was updated in October 2024, with more information on 'positive impact' planned for 2025. The standard focuses on model-based biodiversity footprinting and explains the steps in a biodiversity footprint, the value and limitations, and includes definitions, requirements and recommendations for financial institutions and data providers. The standard is highly aligned with the PCAF Standard for Financed Emissions.
On the 5th of July 2023, the ‘Dependencies’ part of the PBAF Standard was launched. This part of the Standard provides guidance on the steps in a dependency assessment and includes PBAF requirements and recommendations for financial institutions and data providers. For more information and to watch back the 2023 PBAF Launch Event, click here.
Interested in joining the open collaboration of financial institutions in PBAF? See more details here!
